This week we have a strong consolidation. The uptrend on dollar is still alive on a daily basis. The price can move very fast in a large range. The heaven for scalpers and the hell for me...
In our economic calendar today.
Today: BoJ Interest Rate Decision. Cons.: 0.5% Previous: 0.5%. BoJ Interest Rate Decision is announced by the Bank of Japan. If the BoJ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the JPY. Likewise, if the BoJ has a dovish view on the Japanese economy and keeps the ongoing interest rate, or cuts the interest rate it is negative, or bearish.
10:00 GMT: Consumer Price Index. The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. A high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).
10:00 GMT: Unemployment Rate. The Unemployment Rate released by the Eurostat is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the European Economy. If the rate is up, it indicates a lack of expansion within the European lobar market. As a result, a rise leads to weaken the European economy. A decrease of the figure is seen as positive (or bullish) for the EUR, while an increase is seen as negative (or bearish).
12:30 GMT: Core Personal Consumption Expenditure - Prices Index. The Core Personal Consumption Expenditure released by the US Bureau of Economic Analysis is an average amount of money that consumers spend in a month. "Core" excludes seasonally volatile products such as food and energy in order to capture an accurate calculation of the expenditure. It is a significant indicator of inflation. A high reading is bullish for the USD, while a low reading is bearish.
12:30 GMT: Gross Domestic Product. The Gross Domestic Product released by the Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health. A rising trend has a positive effect on the CAD, while a falling trend is seen as negative (or bearish) for the CAD.
12:30 GMT: Personal Income. The Personal Income released by the Bureau of Economic Analysis, Department of Commerce measures the total income received by individuals, from all sources including wages and salaries, interest, dividends, rent, workers' compensation, proprietors' earnings, and transfer payments. This figure can provide insight on the US employment situation. A high reading is positive for the USD, whereas a low reading is negative.
12:30 GMT: Personal Spending. The Personal Spending released by the Bureau of Economic Analysis, Department of Commerce is an indicator that measures the total expenditure by individuals. The level of spending can be used as an indicator of consumer optimism. It is also considered as a measure of economic growth: While the Personal spending stimulates inflationary pressures, it could lead to rise interest rates. A high reading is positive (or Bullish) for the USD.
14:00 GMT: Reuters/Michigan Consumer Sentiment Index. The Reuters/Michigan Consumer Sentiment Index released by the Reuters/University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. A high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
See you in a little hour with the forex analysis
QUOTE (Arnaud Jeulin @ Oct 31 2008, 7:48) 
This week we have a strong consolidation. The uptrend on dollar is still alive on a daily basis. The price can move very fast in a large range. The heaven for scalpers and the hell for me...
In our economic calendar today.
Today: BoJ Interest Rate Decision. Cons.: 0.5% Previous: 0.5%. BoJ Interest Rate Decision is announced by the Bank of Japan. If the BoJ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the JPY. Likewise, if the BoJ has a dovish view on the Japanese economy and keeps the ongoing interest rate, or cuts the interest rate it is negative, or bearish.
In our economic calendar today.
Today: BoJ Interest Rate Decision. Cons.: 0.5% Previous: 0.5%. BoJ Interest Rate Decision is announced by the Bank of Japan. If the BoJ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the JPY. Likewise, if the BoJ has a dovish view on the Japanese economy and keeps the ongoing interest rate, or cuts the interest rate it is negative, or bearish.
I don't know if you know, but Japan already did cut the interest with 20 bps.
What do you think for gpbjpy and usdjpy?
Is it too risky to trade or are you bullish for these pairs?
I'm bearish on gbpjpy, eurjpy and usdjpy but it's really risky.
yes Arnaud you are right, really risky trading today, big decisions,end of the month, friday, all these things say to me to stay out untill monday, too many factors..